Shenghui Cleanness Group Holdings (HKSE:02521) Debt-to-Equity : 0.06 (As of Jun. 2024)

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What is Shenghui Cleanness Group Holdings Debt-to-Equity?

Shenghui Cleanness Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$13.4 Mil. Shenghui Cleanness Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$6.6 Mil. Shenghui Cleanness Group Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$332.6 Mil. Shenghui Cleanness Group Holdings's debt to equity for the quarter that ended in Jun. 2024 was 0.06.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Shenghui Cleanness Group Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:02521' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.05 Max: 0.12
Current: 0.06

During the past 4 years, the highest Debt-to-Equity Ratio of Shenghui Cleanness Group Holdings was 0.12. The lowest was 0.02. And the median was 0.05.

HKSE:02521's Debt-to-Equity is ranked better than
87.5% of 88 companies
in the Personal Services industry
Industry Median: 0.615 vs HKSE:02521: 0.06

Shenghui Cleanness Group Holdings Debt-to-Equity Historical Data

The historical data trend for Shenghui Cleanness Group Holdings's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Shenghui Cleanness Group Holdings Debt-to-Equity Chart

Shenghui Cleanness Group Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.06

0.12

0.04

0.02

Shenghui Cleanness Group Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial			N/A	0.04	0.04	0.02	0.06

Competitive Comparison of Shenghui Cleanness Group Holdings's Debt-to-Equity

For the Personal Services subindustry, Shenghui Cleanness Group Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Shenghui Cleanness Group Holdings's Debt-to-Equity Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Shenghui Cleanness Group Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shenghui Cleanness Group Holdings's Debt-to-Equity falls into.

Shenghui Cleanness Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shenghui Cleanness Group Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.767	+	6.819)	/	326.841
	=	0.02

Shenghui Cleanness Group Holdings's Debt to Equity Ratio for the quarter that ended in Jun. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(13.445	+	6.569)	/	332.623
	=	0.06

Shenghui Cleanness Group Holdings (HKSE:02521) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Shenghui Cleanness Group Holdings Debt-to-Equity Related Terms

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Shenghui Cleanness Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Shenghui Cleanness Group Holdings Ltd (HKSE:02521) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

36 Xinguang Road, 3rd Floor, Office Block, Xinzao Town, Panyu District, Guangzhou, CHN

Website

http://www.gzshqj.com

Shenghui Cleanness Group Holdings Ltd is a cleaning and maintenance services provider in the PRC and a property cleaning service provider in Guangdong province. It has operations in various provincial-level regions in the PRC and serves a wide range of premises including commercial buildings, transportation hubs such as airports, residential premises, shopping malls and commercial complexes, streets, parks, and other public spaces.

Executives

Prosperity Cleanness Investment Holdings Limited	2101 Beneficial owner
Sunrise Cleanness Investment Holdings Limited	2101 Beneficial owner
Chen Liming	2201 Interest of corporation controlled by you
Li Chenghua	2201 Interest of corporation controlled by you
Tang Yongzhen	2202 Interest of your spouse

Shenghui Cleanness Group Holdings Headlines

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